Flexible packaging application will enhance the foil labels market as it is most suitable on flexible packs. Flexible packaging market spending was over USD 150 billion in 2015, at a CAGR of over 5% up to 2024. The global demand is estimated to witness significant gains owing to its substantial features such as brand identification, grading, instruction, and description. It indicates any tampering that occurs and enables barcode tracking, masking, surface protection, and UV protection.Foil labels market witnessed a significant growth, with increasing demand for attractive packaging. Rising application scope in food & beverage industry owing to its metallic surface, where it is applied on containers, caps, canisters, and composite cans will drive foil labels market growth.
The rising foil labels demand from packaging industry to preserve consumer goods will fuel the product penetration. Increasing consumer spending on disposable food containers coupled with technological advancements in packaging are the key factors that can positively influence the demand. Revolutionized tracing and tracking technology in to maintain the track the products’ input, processing, packaging, and output will propel the foil labels market growth.
Increasing product penetration in beverage bottles, food products, and cosmetic products will support the product development. The global beverage packaging market was worth over USD 100 billion in 2015. Governmental regulations to provide product and trade details on food & beverage products with ingredient and nutritional details will fuel the foil labels market growth.
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North America, led by the U.S. foil labels market, is set to grow with increased label production, registering over 15% of the global consumption in 2015. Increasing traditional aluminum plates replacement with foil labels and shifting preference for pressure-sensitive stickers will support the regional demand.
Asia pacific will witness high gains due to the increasing expansion of the packaging industry, increasing consumer base, and rising disposable incomes. Rapid industrialization and urbanization, changing lifestyles, and product innovations are the stimulating factors influencing the regional industry growth.
Europe foil labels market revenue will observe a significant growth over the forecast timeframe. Expanding packaging industry and rising demand for packaged food will fuel the industry demand. The EU represented a major share of the overall industry in 2015.
LATAM is estimated to witness a moderate growth. Rapid urbanization and shifting preference to flexography printing are the stimulating factors, which will enhance the product development.
The foil labels production process includes stamping printed foil on the surface of materials including paper, polymer, cloth, metal, and others. Paper is the major contributing material owing to its aesthetically appealing properties. Polymer use is estimated to grow with increasing paper prices and better performance parameters of plastics which will impact the overall foil labels market price trend.
Silver-aluminum is one of the widely-used materials to enhance the elegant look. Aluminum will witness high gains. Excellent abrasion resistance and temperature control have enhanced the usage of aluminum foil. Its increasing application scope in service and asset and calibration stickers and indoor and outdoor applications are the driving factors for material penetration. Silver and gold material will witness growth with increasing application scope in beverage bottles and food products. The glossy surface of these products improves the customer attraction.
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The global foil labels market share is highly competitive. 3M Company, E I du Pont de Nemours, Avery Dennison, Brady Corporation, Xerox Corporation, Cannon, Inc., Cenveo, Inc., and Henkel Ag & company are the major industry participants. Product innovations and product portfolio expansion are the major strategies adopted by the industry manufacturers.
Rudd Macnamara Ltd., Maverick, Castle Island Press, South East, Relm West, and High Tech Packaging Corporation are the other key manufacturers.
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